The final output of this month-end fixing model point to USD selling into today's fix, according to data Credit Agricole Research. 

"Overall, the moves in equity markets, when adjusted for market capitalisation and FX performance this month, suggests month-end portfolio-rebalancing flows are likely to be strong USD selling across the board," CACIB notes. 

"Our corporate flow model is pointing to EUR/USD buying at the end of the month," CACIB adds.